Adani units slumped Tuesday after India’s Economic Times said the group is seeking to renegotiate the terms of $4 billion worth of loans, citing people it didn’t identify.
Piramal and TPG are jointly working with an adviser on divesting a combined 30% stake in the holding company of Shriram General Insurance Ltd., said the people, who asked not to be identified as the information is private. Shriram General Insurance Holdings could be valued at more than $2 billion in a transaction, the people said.
Haridasan, who is currently Managing Director and Co-Head of Equities at Axis Capital, has more than 20 years of experience in financial markets across different asset classes.
The financial bids were opened on March 28, 2023, GR Infraprojects said in a BSE filing.
As a part of this partnership, all eBay cross-border trade sellers from India will be able to choose its cross-border shipping solution, Shiprocket X, as their shipping partner for eBay shipments, the company said in a statement.
As per the partnership, the companies will offer last-mile delivery partners associated with Zomato affordable loan terms and battery swapping services.
The money raised will be deployed in equity, debt capital and hybrid instruments across sectors, a statement from Kotak Investment Advisors (KIA), the arm of the private sector lender, under which the fund comes, said.
The company has received the final approval for Levothyroxine Sodium for Injection in strength of 100 mcg/vial, 200 mcg/vial, and 500 mcg/vial from the US Food and Drug Administration (USFDA), the drug firm said in a statement.
In two separate circulars, the bourses said Adani Green Energy shall continue in the ASM framework but will be moved to the respective higher stage from March 28.
The launch of premium economy seats will help the airline market this class more aggressively than before and take on the likes of Air France, Lufthansa, British Airways and others who offer similar service.
Ashwini Vaishnaw, Minister for IT and Communications, also noted the rapid strides taken by India in areas of Artificial Intelligence (AI) and quantum computing.
At a town hall on Monday, Agarwal told employees of the firm that OYO is aspiring to reach adjusted EBITDA of nearly Rs 800 crore in the next financial year.
"Reports of withdrawal of Mamaearth IPO are baseless. We are still in the IPO process, engaging with the regulators and bankers. We should get approval on IPO prospectus by next month,” Alagh has told CNBC-TV18
IDFC First Bank, is set to be a part of RBI's pilot project to enable offline payments, the private sector lender said, adding that the project will give access to digital payments even when there is no network.
The company has launched various new models like Apache 180 and Neo NX among others.
Mamaearth parent Honasa Consumer Ltd filed its documents for an IPO in December, planning to raise about $200 million to $300 million, through the issuing of new equity and an offer for sale of some existing shares, which could have valued the company at up to $3 billion.
Akasa Air will close its first financial year with more planes and higher market share than IndiGo in its first year. But it will have a tough time emulating IndiGo’s subsequent growth blitz.
Under the partnership, SUN Mobility will provide its battery swap solutions for last-mile deliveries with the initial fleet deployment to start in the National Capital.
The only electric SUV to offer third-row seating, the Mercedes-Benz EQB is a spacious and tranquil interlude in Mercedes-Benz India’s ongoing EV saga.
The decisions taken by the board will affect around 6 crore active EPFO subscribers. Here’s a look at the issues that will likely be taken up during the two-day meeting of the Central Board of Trustees
Elon Musk, CEO and chief engineer of SpaceX and the owner and CEO of Twitter, Inc. reportedly proposed the idea of running OpenAI by himself to his co-founders, however the proposal was rejected, prompting the tech billionaire's exit from the AI based startup.
"If it is too good to be true, it better be ignored. Investors who have lived by this rule have saved pots of money avoiding stocks that have promised the moon and not delivered."
The airlines will operate two flights a day, four days a week -- Tuesday, Thursday, Friday and Sunday -- from Kolkata to Abu Dhabi, the Netaji Subhas Chandra Bose International (NSCBI) Airport said in the statement.
The percentage of companies which see the “uncertainty of bilateral relations” as their leading challenge in China has risen to 66 percent. At the same time, the number of companies which think that China has become less welcoming to foreign companies has grown to 49 percent, the survey found.
Factors such as movement of global oil benchmark Brent crude and the rupee would also guide the trend in equities.